Tuesday Afternoon Silver and Gold Wrap Up for 3/6/12.....Peter R....Southern Trust Metals, Inc.

Good afternoon Andrew,

Metals remained under pressure today as Chinese economic growth and Greek private debt concerns pushed the U.S. Dollar sharply higher, negatively affecting commodities.....Silver closed the New York session 88 cents lower at $32.88....Gold fell $29.00 to $1674.00.....Palladium slid $34.00 to end trading at $674.00.....Platinum shed $48.00 to $1618.00....Metals came under some additional but unrelated selling as traders scrambled to raise margin call money in the face of a 200 point decline in the Dow Jones Industrial Average...In the currencies, the Euro tanked another 98/100ths of cent against the Greenback...Last trade $1.3129......Crude oil came under heavy selling as traders took profits in order to raise additional margin capital for stock related losses....The strong U.S. Dollar added to selling pressure.....Last on Oil $105.23 down $1.49 per barrel.....All told, an ugly day .....When we return tomorrow the economic calendar resumes with a preview of Friday's all important Non Farm Payrolls report with the release of the ADP Private Sector Employment Survey....I'll be back in the morning with the latest estimate of the data....Time to call it a day.....That's it.....
Peter R.....Southern Trust Metals, Inc.....
Toll free 1-877-448-0080

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